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Glasgow Live
Glasgow Live
National
Craig Williams

Glasgow building bought by Zara owner and Spain's richest man for £200m

Zara owner and Spain's richest man Amancio Ortega has purchased a building in Glasgow for £200m.

Ortega, the billionaire behind the Inditex fashion brand - which owns other brands such as Massimo Dutti, Bershka and Pull & Bear - made the purchase through his real estate agency Pontegadea, Spanish newspaper El Pais reports.

The 86-year-old businessman, who opened his first Zara store with his wife back in 1975 in A Coruña in the region of Galicia in Spain, is currently listed as being the third richest man in Europe, with an estimated net worth of £46 billion.

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